Disclaimer: This research should be used purely for informational purposes and is my own personal opinion. I bear no responsibility to whatever investment decisions taken by anyone with regards to this research.

The Kuala Lumpur Composite Index (KLCI) today declined marginally by 0.1% to 1,356 points, compared to the day before of -0.9% (1,357 points). Top losers for the day are F&N(-RM0.5), Dutch Lady (-RM0.3), Lysaght Steel (-RM0.2), Aeon Credit (-RM0.2), and KESM Industries(-RM0.1).

I view today’s market marginal decline as the continuation of Friday’s sell-off based on the news of MCO and lower-than-expected OPEC oil production cuts, but on a smaller scale. There is an important development this week with the announcement of global growth outlook by the IMF tomorrow, which will influence the outlook on all stock markets around the world. I will be talking about my investment strategy later tonight on this development. 

For the Malaysian companies I am keeping track with a Buy call, most of them are down in line with the general market. The best performing companies in terms of share price are C.I Holdings(8.3%), Padini (4.4%) and Affin Bank (4.2%). To date, the portfolio of companies I am keeping track on have moderated further to 0.9% return (10 April 2019: 1.9%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.